RDS - Redstone Resources

[Makavel]

I'm still buying up. I have a feeling when an announcement comes it will be with one of the major mining companies.

Very little volume of late, showing everyone is keen to hold out for this announcement.

Last few days volumes have been bigger then prior weeks, but still very low which is very good.

 

[kevro]

Hi Michael 2006,
Curious about the unsubtle hint about Oxiana - Golden Grove you mentioned earlier. What did you hear regards that?
I spoke to director last week about a supposed recent BHP presentation, about BHP preparing a JV document and stories about BHP's planes with all there geophysical equipment on board overflying RDS land. Denied the meeting but confirmed the overflights. They had a pilot on the ground who was watching it and new what they were doing and was requested to contact plane and get them to cease there activities. He did confirm that they had spoken to a few larger companies but due to a confidentiality agreement, nothing can be said. The above info came from one of the best sources around. A BHP geo with a few beers under his belt who ran into another RDS holder.

Interested to here about Oxiana.

 

[Michael2006]

I had heard from someone within Oxiana that the company was currently looking at acquisitions and had meet with RDS. However I do strongly feel it is likely RDS will JV with BHP or a Chinese consortium, you only have to wonder why there has been no significant announcements yet. These alot of interest in RDS from Australian companies & abroad we know thats fact, WHEN RDS do select there partner the shares go to $'s, my only questions what will be the content of the JV and when will we find out what RDS has really got.

I am anticipating we will here something in the next month or so., but hey you all know that & what.

 

[kevro]

Thanks Michael, very interesting. Its amazing that it is syill sitting at .70c after 2 months + with only 4 change of directors holdings notices in that time. I would like to get some drilling results on the table before they agree on a JV partner. I feel that would put them in a better position at the negotiation table.

 

[Alfredbra]

Higher volumes than previous weeks, very tempted to free up funds and buy some more of this.

 

[kevro]

Similar rumour heard but suggesting this Friday for an announcement.

 

[Stinger]

Lets see if you are right about today Kevro. Hopefully my top up at 70 cents will go through first.

 

[kevro]

Looks like Friday announcement is obviously incorrect but buyer interest is suddenly increasing. RDS sellers are a stubborn crowd.

 

[Stinger]

I know, no one will sell to me at 70 cents, there is a lot of depth there too at 70 cents so not holding my breath on monday

 

[Stinger]

Some early movement this morning, looks like my bid at 70 cents isnt going to be filled. The next question is should i chase the share price to get more??

 

[kevro]

I get the feeling that if you don't take whats on offer you won't get anything. Its been near on 2 1/2 months since listing at .25c with no ann and it has sat very patiently around the .70c mark for the last month. Very few sellers and people are holding. They know the potential here. Must be an ann soon to update holders at the very least.

 

[yogi-in-oz]

Hi folks,

RDS ..... here's the anticipated time cycles,
until the end of 2006 ...:


23102006 ..... minor

03-06112006 ..... positive spotlight on RDS

09-10112006 ..... aggressive rally???

13112006 ..... minor news --- flat???

23-24112006 ..... positive news???

27112006 ..... minor

December 2006 ..... mostly minor cycles

happy days

yogi

 

[Alfredbra]

woooo im excited, lots of volume today

 

[kevro]

On and on they go with no visible means of support other than rumour and innuendo. Only 100k shares traded today, 20 trades at an average of about $3500. Final result up 3.5c and still no announcement. I hold and not complaining

 

[kevro]

I Like it a lot because it goes up a lot without actually doing anything. Wish they would share some secrets about whats happening. I believe a lot of negotiations have secrecy clauses so they can't talk about it until a deal is done.

 

[Stinger]

Was a good announcement, i was suprised to see the price to drop upon the announcement. I think when they announce the mining companies they are entering JV's with, we will see a positive move in the price.

 

[Absolutely]

Actually I wasn't that surprised to see it drop as I suspect the market may have had unrealistic expectations of something more.

However the report reinforces that the projects they have have excellent potential and this is a great long term hold. :dance:

 

[Young Gun]

After reading through this post and doing some research myself I though I have a punt on this . I managed to pick up a small parcel this morning for an average price of $0.59. At the moment the stock is sitting 10 % higher.

Interested on what everyone else thoughts are at the moment on this stock ? I personally wouldnt be willing to pay any more than I did at the moment with the future a bit sketchy. Not So much sketchy but uncertainty , still in the long term looks like a good prospect , at worst they go bankrupt and get into a JV with another company.

 

[purehell]

well with a reply like that you obviously bought the stock with no or VERY little understanding about the opportunities and the type of ground.

why dont you have a read of the prospectus thats should give you all the info you need.

 

[Young Gun]

Purehell ,

I am at work and have very limited time to reply to posts. I have read the prospectus and information regarding the company. The quaterly report that was released yesterday indicates although there are significant opportunities the speculation is still ahead of the companies progress at the moment. You only have to look at the knee jerk reactions and the volatility of this stock to figure that one out.